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Welcome to edition nine of Insider Weekends. Insider buying increased once again last week with insiders purchasing $37.65 million of their stock when compared to $13.42 million in the week prior. Selling also increased with insiders selling $821.45 million worth of stock when compared to $498.22 million in the week prior.
Sell/Buy Ratio:
The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider buying in that week. The adjusted ratio for last week dropped once again to 21.82. In other words, insiders sold almost 22 times as much stock as they purchased.
The Sell/Buy ratio this week compares favorably with the week prior when the ratio stood at 37.11 (32.97 without the AutoZone sales). We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.
Notable Insider Buys:
1. Dynex Capital Inc. (DX): $9.98
Shares of this Real Estate Investment Trust were purchased by four insiders. These purchases were part of a $5 million offering.